D-St Bucks Global Sentiments, Trades Firm Ahead of RIL, HUL & More Q2 Results

By Malvika Gurung

Investing.com -- The domestic market made a positive opening on Friday, shrugging off weak global cues as banking and financial stocks lifted the market sentiments, while strong earnings reports from major companies like Axis Bank (NS: AXBK ) bolstered the broad market gains and resisted weakness from Wall Street’s overnight fall and lower Asian markets.

At the time of writing, benchmark indices Nifty50 gained 0.4% and Sensex surged 294.7 points or 0.5%. Among sectoral indices, Nifty PSU Bank outperformed, rallying 2.82%, while Nifty Bank jumped 1.58%.

Adding support to the market sentiment was the provisional data (on NSE) for Thursday, which showed that FIIs bought Rs 1,864.79 crore worth of equities, while DIIs sold a net share worth Rs 886.8 crore on Oct 20.

In the current firm market, the country’s most-valued company by market capitalization Reliance Industries (NS: RELI ) and the 5th-ranking heavyweight Hindustan Unilever (NS: HLL ) will release their earnings results for the September quarter today.

A non-exhaustive list of companies announcing their Q2 FY23 earnings results on Thursday includes:

• Reliance Industries
• Hindustan Unilever
• JSW Steel (NS: JSTL )
• Bajaj Finserv (NS: BJFS )
• Ambuja Cements (NS: ABUJ )
• HDFC Life Insurance (NS: HDFL ) Company
• SBI Life Insurance Company (NS: SBIL )
• IDBI Bank (NS: IDBI )
• Hindustan Zinc (NS: HZNC )
• DLF (NS: DLF )
• United Spirits (NS: UNSP )
• Tejas Networks (NS: TEJS )
• Cartrade Tech (NS: CART )